# Cancellation quota

- Canonical URL: https://www.gerhardmerk.de/cancellation-quota
- Post ID: 591906
- Modified: 2023-07-25T20:59:23+00:00
- Language: en

## Definition

Unless otherwise defined, the number of insurance contracts terminated, broken down into - early termination (terminations within the first twenty-four months of the contract being concluded within the financial year as a percentage of the average new business [= half of the new business in the financial year plus half of the new business in the previous year], based on monthly premiums written of the respective type of insurance) and - late termination (terminations after the first twenty-four months of the financial year as a percentage of the portfolio at the beginning of the financial year and calculated on the basis of monthly premiums written of the respective type of insurance): Departure after the first twenty-four months within the fiscal year as a percentage of the portfolio at the beginning of the fiscal year and calculated on the basis of monthly premiums of the respective type of insurance). - Among other things, the lapse rate is also considered an economic indicator. - See the lapse rates for individual insurance lines in Germany reported in the respective annual report of BaFin, chapter "Supervision of Insurance Companies and Pension Funds". Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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